Over the last 3 months the average time on the market for South Loop Condos in zip code 60605 has decreased almost 20%!  While there is no doubt that it is STILL a buyer’s market, supply is dwindling with nothing new coming online for the foreseeable future.  As the graph illustrates the trend line has not seen a blip in the last 90 days and I think this will continue.  Basic economics tells us that price appreciation may not be too far away either – we have a shrinking supply and there is still definitely demand…at a price of course.  We have even seem some bidding wars over the last month on desirable units that are priced right – something we have not seen in almost a year!